A technical director typically is responsible for providing technical support for theatrical, media, or software companies. The director works with equipment that requires specialized training to operate, and is usually considered an expert in using and coordinating the use of this equipment. He or she supervises teams or crews â usually hired by the director â that are trained to perform technical functions.
If an adult child gives money to a parent to be used for living expenses, does the maximum tax-free gift rule apply? The IRS allows for monetary gifts of between $1.00 and $14,000.00 to be given to anyone without taxation. This $14,000 maximum gift can be given to anyone, including parents, children or those who you aren't related at all, and no tax liability will be incurred. However, the reason for the gifting has no relevance to the IRS, so long as the gift is given individually and not exceeding the maximum limit for that year. If your gift exceeds that maximum amount, tax may be assessed on it, even if the money is to your elderly parents for living expenses.
With the holiday season of giving just around the corner, itâs a good time to revisit down payment gifts for home buyers. Getting money for a down payment on a home purchase could be the best gift ever, but there are lender and IRS rules for gifts that you must know to make sure everything goes smoothly.Hereâs a rundown.irst, under 2014 annual gift tax exclusion law, any individual can gift any other individual $14,000 per year tax free. So a married set of parents can each give $14,000 to their single child for a total of $28,000.